Pres. Tinubu Backs Lagos International Financial Centre, Says Gov. Sanwo-Olu

President Bola Tinubu has expressed strong support for the proposed Lagos International Financial Centre (LIFC), according to Lagos State Governor Babajide Sanwo-Olu. The project is designed to position Lagos as a leading financial hub in Africa.

Governor Sanwo-Olu disclosed this during a welcome dinner for delegates attending the Nigeria Foreign Direct Investment Training Programme at the Moller Institute, University of Cambridge, United Kingdom. He described the President’s endorsement as a major boost for the initiative.

The governor explained that the LIFC project, conceived about two years ago, seeks to attract international capital, deepen Nigeria’s financial markets, and create sustainable economic opportunities. The initiative aims to strengthen Lagos’ competitiveness within the global financial ecosystem.

According to a statement by the governor’s Chief Press Secretary, Gboyega Akosile, President Tinubu expressed excitement about the centre’s potential to enhance investor confidence and drive long-term economic transformation.

Gov. Sanwo-Olu reaffirmed the state’s commitment to collaborating with federal authorities and international partners to ensure the successful establishment of the financial centre, noting that the project aligns with broader efforts to boost foreign direct investment and economic diversification.